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What Makes a Savvy Multifamily Investor?
Getting your offer accepted after making best and final is an exciting time. Now the real work begins. As a multifamily investor myself, I know how exciting this can be for you and your team. At this stage, you have attorney fees, inspection fees, travel expenses,...
Mold is Gold In Apartment Communities
The following brief introduction can help property owners and managers of multifamily dwellings understand mold growth and what can be done to reduce its effects on tenants. It will also help prevent property owners from being taken advantage of by unethical...
What to Look For Walking Older Class C Multifamily Properties
What to Look For with Older Class C Properties Class C properties are popular amongst multifamily investors. These older properties normally have a value add component and can be very profitability with the right repositioning strategy. Class C properties are...
Multifamily Insurance Coverage for your Investment Property
Multi-Family Insurance Coverage for your Investment Property As you know, multi-family dwellings are different than many traditional properties. Multifamily dwellings often include shared kitchens, multiple bathrooms, and bedrooms that have walls in-between them. You...
Corrosive Consequences Of Low-Flow Toilets
Low-flow Toilets Can Have Corrosive Consequences on Older Properties. Federal law requires that toilets manufactured after January 1st of 1994 must be low-flow and use no more than 1.6 gallons of water per flush. Earlier toilets used 3 - 5 gallons per flush. This law...
Commercial Multifamily & Cast Iron Drain-Lines
If you are buying a complex built prior to 1973 it will more than likely have cast iron waste lines. Cast iron pipes often have internal corrosion that results in leaking and clogging, or cracks that cause leaking within the units. Soil PH and corrosive chemicals and...
Problematic Electrical Panels & Apartment Complexes
If you are looking at complexes built in the 1980’s or earlier there are some panels to be on the lookout for. These panels include Federal Pacific Electric (FPE), Zinsco, split bus panels and any systems with fuses. Not only are these panel brands a potential fire...
Aluminum Wiring & Your Multifamily Property
Properties built between approximately 1965 and 1973, single-strand (solid) aluminum wiring was sometimes substituted for copper branch-circuit wiring in electrical systems due to the sudden escalating price of copper. After a decade of use by property owners and...
Your Multifamily Inspection & The Power of Infrared
The thermal imaging cameras used today are based on technology that was originally developed for the military. Infrared technology provides the ability to see and target opposing forces through the dark of night or across a smoke-covered battlefield. The properties...
Getting Started in Multifamily & Your Due Diligence
If you are new to apartment investing learning as much as you can about investment properties will help ensure you make the right choices. Read everything you can. Attend seminars, Meetup groups and network with other multifamily investors. Seek out experienced...
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